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Karachi, Dec 24, 2011: The results of the first GEM Pakistan
Study were revealed at a ceremony at the City Campus of the
Institute of Business Administration (IBA, Karachi). The ceremony
was organized by the Center for Entrepreneurial Development at IBA
and was attended by a number of international and local delegates
who received a keen insight into the existing entrepreneurial
culture of Pakistan. The Honourable Sind Minister, Mr. Murad Ali
Shah was the Chief Guest on the occasion.
Speaking to the gathering, Dr. Shahid Qureshi said, "I am pleased to
announce that the long-awaited results of the first GEM Pakistan
study pioneered by the Center for Entrepreneurial Development (CED)
at IBA (Karachi) are being released in a public ceremony today."
Global Entrepreneurship Monitor (GEM) is an international research
effort to promote entrepreneurship. Implemented in more than 80
countries, GEM studies are conducted under the auspices of the
Global Entrepreneurship Research Association, a non-profit academic
forum. Their results help create awareness and enhance learning
about the entrepreneurial process to improve support for
entrepreneurs and business ventures.
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The GEM Pakistan project was launched under the sponsorship of IBA
(Karachi), after securing Pakistan's membership in this prestigious
world forum. The state of entrepreneurship and start-up business
activity was examined acutely, including a comprehensive adult
population survey across Pakistan. Detailed interviews were
conducted with top national experts to discuss key conditions that
govern a country's entrepreneurial development, such as government
policies and programs, education and training, financial support,
R&D and technology transfer facilities, access to professional
services, enabling physical infrastructure, market openness and
cultural and social norms that impact entrepreneurial business
activity.
"The GEM Pakistan Report will help entrepreneurs, policy makers and
educators in Pakistan to devise an appropriate strategy to develop,
inculcate and promote an entrepreneurial culture in Pakistan," said
Dr. Ishrat Husain, the Dean and Director of IBA (Karachi).
“After 3 years of our hard work, Pakistan has now joined the
community of entrepreneurially conscious group of nations
represented in the GEM. This will help us benchmark Pakistan’s
national efforts in leading the entrepreneurial development of the
country for which I congratulate IBA in playing a prominent role,”
said Dr. Sarfraz Mian, Head of GEM Pakistan project.
Adding to this, Mr. Murad Ali Shah said, “I believe that the GEM
Pakistan findings will enhance our understanding of the
entrepreneurship phenomena in Pakistan and promote the awareness for
it. I congratulate the GEM Pakistan Team on the completion of this
first landmark study of various entrepreneurship characteristics in
Pakistan that allows us to benchmark with the community of
entrepreneurially active nations including our peer countries.”
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